Business
Kanye West has been suspended from Instagram
Gilbert Carrasquillo | Getty Kanye West has been suspended from Instagram for 24 hours for breaching the social media network’s harassment policy. West, who goes by “Ye,” will not be able to post, comment or send direct messages for 24 hours. A spokesperson for Meta, which owns Instagram, told CNBC Thursday that West violated the […]
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Apple’s new Mac Studio and Studio Display are great if you have $3,600, but most people should get a Mac Mini
Apple’s Mac Studio and Studio Display Kif Leswing/CNBC Apple‘s new Mac Studio computer goes on sale on Friday. I’ve been testing it for over a week, and it’s a good pick for video and photo professionals for whom cost is no issue and who want a Mac desktop that will be able to handle anything […]
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Stocks making the biggest moves premarket: Dollar General, Accenture, Warby Parker and others
Check out the companies making headlines before the bell: Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store sales fell more than expected. The company also raised […]
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UK government to speed up criminal sanctions for tech bosses with new online safety laws
scyther5 | iStock | Getty Images Plus Executives at companies like Meta, Google, Twitter and TikTok could face jail time sooner than anticipated if they fail to cooperate with the U.K. internet regulator, Ofcom. The U.K. government announced Wednesday that executives may face prosecution or jail time within two months of the new Online Safety […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Jan. 26. Text removed from the January statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]
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Stocks making the biggest moves midday: Alibaba, AeroVironment, Boeing and more
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alibaba, JD.com, Pinduoduo — Shares of Chinese companies listed publicly in the U.S. surged as Beijing signaled support for the stocks. The Chinese government said it supports the listing […]
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Hydrogen-powered train a step closer to passenger service in Germany
A model of Siemens Mobility’s Mireo Plus photographed in 2019. Nicolas Armer | Picture Alliance | Getty Images Plans to deploy a hydrogen-powered train in the southern German state of Bavaria took a step forward this week after Siemens Mobility and rail operator Bayerische Regiobahn put pen to paper on a leasing contract. The signing […]
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Stocks making the biggest moves premarket: Nvidia, Boeing, Micron and others
Check out the companies making headlines before the bell: DiDi Global (DIDI), Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) – China-based stocks listed in the U.S. are staging strong rallies in premarket trading, helped by state media reports that the Chinese government will take steps to support the markets and the economy, and that the U.S. […]
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Apple supplier Foxconn says it has resumed some production in Shenzhen after Covid outbreak
Foxconn employees on the assembly line in Longhua, Shenzhen, China. The company reportedly employed students working overtime at its iPhone factory in Zhengzhou. Qilai Shen | Bloomberg | Getty Images Foxconn, a major assembler of Apple’s iPhones, announced Wednesday that it has partially resumed production in Shenzhen, a Chinese manufacturing hub. The company said earlier […]
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Intel commits $36 billion to making chips in Europe
Patrick Gelsinger, chief executive officer of Intel Corp., speaks during a Bloomberg Studio 1.0 interview at the company’s headquarters in Santa Clara, California, Feb. 3, 2022. David Paul Morris | Bloomberg | Getty Images Intel announced Tuesday that it plans to invest over 33 billion euros ($36 billion) into boosting chipmaking across the European Union […]
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